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OVERVIEW

• Mixed use investment
• Prominent roadside position
• 2 no. one-bedroom flats on upper floors generating a combined income of £1,125 pcm.
• Ground floor retail unit let on upward stepped rental terms, currently £14,500 pa.
• Retail tenant is a franchisee of the nation Bridal Reloved chain of wedding dress boutiques.

DESCRIPTION

The subject property cmprises a retail unit on the ground floor and two one-bedroom flats on upper floors. The shop front off Leeds Road provides access to the main retail area which has recently been refurbished by the current tenant. A split-level staircase leads to an attractive mezzanine office / meeting room and lower ground ancillary areas including; kitchen, male & female WCs and additional office space. The basement provides additional useful storeage space. Externally, there is access to the rear of the property and additional storage space offered via a small lock-up store on Back Weston Road. The flats are accessed via a communal entrance to the rear of the property and the residential accommodation has been finished to a high standard.

TERMS

Freehold – the subject property comprising title number WYK223370 is for sale for offers in the region of £450,000. Subject to Contract.

TENANCIES

Ground Floor – Let to Farnell Bridal Ltd on a five year lease from 14th February 2022 with a tenant only break option at the end of the second year.
Annual rent:
Year 1 – £14,500 pa
Year 2 – £15,000 pa
Years 3-5 – £16,000 pa

Upper Floors – Flat 1 and Flat 2 are both let on Assured Shorthold Tenancy Agreements of £575 and £550 pcm respectively.

VIEWING / FURTHER INFORMATION

For viewing arrangements or to obtain further information please contact the sole agents Atkinson Associates on 01943 666955 Option #1 or as per below:

Rory Stead
E: rory@atkinsonassoc.co.uk
T: 07773 173023

MARKETING PARTICULARS

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